MORPHO Jumped Nearly 10% on Coinbase Listing

MORPHO jumped nearly 10% before seeing corrections, as Coinbase listed the token. The exchange recently included MORPHO on its roadmap alongside two meme coins, which had minimal price impact, but the actual listings boosted all three assets.

Morpho’s developers also announced their smart contracts have been independently vetted and deployed on several major blockchains.

Coinbase Lists MORPHO

Coinbase, the largest crypto exchange in the US, is known for impacting crypto prices with its listing announcements. The “Coinbase Effect” is well documented.

Two weeks ago, Coinbase added PENGU, POPCAT, and MORPHO to its listing roadmap with little fanfare, while the former two saw major gains upon actual listing. Now, it’s Morpho’s turn.

> “Coinbase will add support for Morpho (MORPHO) on the Ethereum (ERC-20 token) and Base networks. Trading will begin on or after 9 AM PT on February 27, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our MORPHO-USD trading pair will launch in phases,” the exchange stated on social media.

Coinbase’s token listing significantly impacted MORPHO. The blockchain project performed well in January, even entering a major partnership with Coinbase. Although its token value dropped significantly in early February, today’s listing caused a spike of nearly 10% before another decline.


Morpho’s developers prepared several announcements to accompany the Coinbase listing. The firm asserted that its smart contracts are now deployed on several major blockchains, and these have been vetted by independent audits, including a $2.5 million bug bounty. While not the largest bounty in crypto history, it is still notable.

With these developments, the company aims to emphasize its focus on transparency and credibility. Morpho is a decentralized, non-custodial lending platform built on Ethereum that optimizes lending pools by facilitating efficient peer-to-peer interactions.

The protocol promises to enhance interest rates for borrowers and lenders by matching liquidity directly, while still relying on underlying lending pools as a fallback, ensuring security and capital efficiency.

The ecosystem also includes a governance framework, where the native MORPHO token plays a key role in decision-making and incentivization.